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we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on a national debt and that 15% is a large percentage of the national budget. >> bottom line, you could live with the sequester if it happens? >> i don't wa want to live with the sequester. they do not make sense and we're going to hurt a lot of people and it's up to the president really to act now. the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, 2k5i6d. you know, the bottom line is we want tax reform but we want to plug those loopholes that the president talks about to bring down tax rates because we believe that's pro growth and we can get an economy going again. let people who earn money keep more of it. the president is not talking about that. what he's talking about is trying to raise more taxes. >>> police in chicago are questioning two persons of interest in th
we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on a national debt and that 15% is a large percentage of the national budget. >> bottom line, you could live with the sequester if it happens? >> i don't wa want to live with the sequester. they do not make sense and we're going to hurt a lot of people and it's up to the president really to...
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. >> goals in manufacturing, energy, education, national security and the deficit. real achievable plans that will lead to new jobs. >> top republicans including senator mcconnell already critical of the speech. >> i strongly suspect the white house will subject us to yet another campaign blitz. frankly, i could write the scripts myself and will be told the president's hands are tied by the sequester he proposed, signed and refuses to get rid of. >> we learned the president will make a major announcement of afghanistan announcing that 34,000 u.s. troops will return home from the region exactly one year from today. that's about half the troops there now. joining us now, maryland congressman chris van hollen, ranking member of the house budget committee. thank you for joining us. >> great to be with you, tamron. >> first, what are the expectations for the president tonight? >> well, i think as you said the president's going to lay out his plan for xik growth, for job creation but focusing on the fact it is not good enough just to have economic growth for the folks alr
. >> goals in manufacturing, energy, education, national security and the deficit. real achievable plans that will lead to new jobs. >> top republicans including senator mcconnell already critical of the speech. >> i strongly suspect the white house will subject us to yet another campaign blitz. frankly, i could write the scripts myself and will be told the president's hands are tied by the sequester he proposed, signed and refuses to get rid of. >> we learned the...
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that we need additional revenue, coupled with smart spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at these deductions that people are able to take advantage of, the average person can't take advantage of. the average person doesn't have access to cayman island accounts. so, we just want to make sure that the whole system is fair. >> all right, today is the day one in the new job for secretary of state john kerry, he got an early start over the weekend, he reached out to world leaders by phone, pledging to continue pushing for peace talks. >>> the senate armed services committee is expected to vote his nomination to senate. former white house press secretary robert gibbs was on meet the press, admitted that it wasn't hagel's finest hour. >> the disconcerting thing for anybody who watched it he seemed unimpressive and unprepared on the questions that quite frankly he knew was coming. i'm reminded three weeks into the first term of the president obama administration, treasury secretary timothy geithner gives a, the market dropped 382 poin
that we need additional revenue, coupled with smart spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at these deductions that people are able to take advantage of, the average person can't take advantage of. the average person doesn't have access to cayman island accounts. so, we just want to make sure that the whole system is fair. >> all right, today is the day one in the new job for secretary of state john kerry, he got an early...
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants to get done. take a look at this. there are many middle class households that are actually paying a higher tax rate than households that make over a million dollars a year because they don't get most of their money from investments. will the president's policies change this problem? >> they will and they already are, to some extent. but there's more to be done there, just like the president just said. in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated s
that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants...
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i think he'll talk about his balanced approach to deficit reduction. he'll talk about matching spending cuts with new revenues, particularly from tax reform. i think in particular you might hear him talk about raising private equity tax these guys pay at a low rate. he'll talk about raising that a little bit. oil and gas tax subsidies. he wants to get rid of some of those. he doesn't want to do what house republicans do which is spending cuts across the board and no revenue increases. again, it will be hard to get much buy in in the house on that. they want to cut spending and not raise taxes again like he did at the beginning of the year. >> all right. we'll be paying close attention to all of it. ben white, thanks so much. >>> and now here's your first look at the other news going on around america. we start if san diego. an iconic 1945 photo of the sailor kissing a nurse tend of world war ii is being revived. the 5-foot, 15,000 pound statue of the kiss has been built and transported to san diego where it will be installed along the waterfront in the
i think he'll talk about his balanced approach to deficit reduction. he'll talk about matching spending cuts with new revenues, particularly from tax reform. i think in particular you might hear him talk about raising private equity tax these guys pay at a low rate. he'll talk about raising that a little bit. oil and gas tax subsidies. he wants to get rid of some of those. he doesn't want to do what house republicans do which is spending cuts across the board and no revenue increases. again, it...
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it will not add a dime to the deficit. >> and what about cutting the deficit? jean spurling told joe scarborough that the president knows that he has to propose something. he has to make some proposals on entitlements. is he going to be that specific tonight? >> well, he has a specific -- we have a proposal that is on the table from the fiscal talks that we had with congress that has spending cuts that does do some entitlement reforms as well as raising revenue by closing loopholes to the -- that's still very much on the table. the president thinks, well, we think creating jobs -- he definitely thinks he is committed to deficit reduction and thinks that this is a drag on the economy too. if we don't deal with it and he is very committed to wanting to do it. we need a partner as some people like to say in december, and so we need a congress that's willing to work with us, but we do think that while congress is working on the larger piece that they should turn off the sequester for a few months, whatever time is needed in order to work on this bigger project, and
it will not add a dime to the deficit. >> and what about cutting the deficit? jean spurling told joe scarborough that the president knows that he has to propose something. he has to make some proposals on entitlements. is he going to be that specific tonight? >> well, he has a specific -- we have a proposal that is on the table from the fiscal talks that we had with congress that has spending cuts that does do some entitlement reforms as well as raising revenue by closing loopholes...
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focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic budget cuts arguing the public favors his plan for a balanced solution. >>> turning to the topic of guns. the president will continue his push to stop gun violence as the first lady pays tribute to the latest victim. michelle obama is headed to chicago this weekend to attend the funeral of 15-year-old what day yeah pendleton. the honors student was shot last week in a chicago park just days after performing at inauguration students in d.c. pendleton was among 40 people gunned down in chicago last month, making january its deadliest month in over a deck. >> the white hous
focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic...
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they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it down because that would hinder trade and commerce. also today the house judiciary committee meeting. they take a look at what might be the best solution here. there's a group of democrats and republicans working behind the scenes to come up with a solution. no word yet on how much progress they've made. >> interesting. tracie potts, thank you. >>> nbc news has obtained a confidential justice department memo that contains the legal justification for drone strikes on american citizens. the document from the justice department says the government can ord
they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it...
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we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end of 2012. >> we've been reminded that while it's critical for us to cut wasteful spending we can't just cut our way to prosperity. deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs. >> new numbers from the congressional budget office may provide some ammunition. the cbo projects the economy will grow at a measly rate of 1.4% this year and 3.4% next year. the cbo forecast is correct, 2014 will be the sixth consecutive year with unemployment above 7.5%, but expect to hear from republicans about another big number in that report, and alt
we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end...
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we're running trillion-dollar deficits. my goodness. >> i'm fwlad to hear you say that you're open to cuts, more nondiscretionary cuts because both sides always go to the discretionary domestic spending because those are the quote, quo easy cuts. is that your position? >> very much so. look, we've got an entitlement crisis. and that's where the real money is. you know, we're going to have to reform those programs or we're going to lose them. and i don't want to lose social security or medicare or medicaid, but they've got to change dramatically. we tried to do that in the ryan budget last year. i think we'll see us even more aggressive this year. that's where we've got to go. we're not going to lose these cuts. they're in law. the same way the president enjoyed the advantage in the fiscal cliff negotiations, the tax increases were in law and the best we could do was negotiate and save as many of the bush tax cuts as we could. now, you know, these cuts are in law. so they're going to occur, and he should sit down with us and
we're running trillion-dollar deficits. my goodness. >> i'm fwlad to hear you say that you're open to cuts, more nondiscretionary cuts because both sides always go to the discretionary domestic spending because those are the quote, quo easy cuts. is that your position? >> very much so. look, we've got an entitlement crisis. and that's where the real money is. you know, we're going to have to reform those programs or we're going to lose them. and i don't want to lose social security...
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when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cayman island accounts. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they've earned. so we just want to make sure that the whole system is fair. >> all right. steve, help me out here. i think the democrats are holding a losing hand if they come back and ask for more taxes. they talk about raising tax rates on anybody. but if we're talking about closing loopholes, carried interest, sort o
when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain...
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challenge is is to kind of make an argument to the public that it's really not just about who can cut the deficit more and the debt, who can trim government but what's an overall economic strategy for investing now while imposing fiscal discipline down the road where it's really needed and that's a case he has an opportunity to make with, you know, with millions of people watching. >> so one of the changes for the second term in the white house is that the president's long-time speech writer favreau is gone and as somebody there on the inside, what that transition is like from one speechwriter to another, what that's like for president obama or for any president and also in terms of what we see and what we hear as voters, as americans, is there going to be a slightly different voice for obama because there's a new speechwriter? >> we don't. it's like a favorite tv show and aaron sorkin left the show. is it going to change now that he's gone or something like that? you know, with president obama as was the case with president clinton and most of these folks, it's their voice and they are deeply in
challenge is is to kind of make an argument to the public that it's really not just about who can cut the deficit more and the debt, who can trim government but what's an overall economic strategy for investing now while imposing fiscal discipline down the road where it's really needed and that's a case he has an opportunity to make with, you know, with millions of people watching. >> so one of the changes for the second term in the white house is that the president's long-time speech...
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joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing childre and the needs of health care costs rising and implementation of the president's health care law and we will talk about trying to make life work again for so many millions of americans. >> let me ask you this, one of the great frustrations, i was on the panel of any national conservative institute and people talking about not only the conservative movement but the republican party. one of the frustrations voiced by bill crystal and john pedoritz -- did i say it right? we complained about dodd-frank but really didn't have a strong alternative to dodd-frank. we c
joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing...
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trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet from out of my mitten to the pavement and it's gone. >> it's like every six months for you. >> do you have a case? >> now i'm going to spend money on the case? so i have a blackberry filling in. brian, look at this. whoops. oh, i dropped it. let me see. do i have to buy a new one? look. >> and it still works? >> it still works. it's unbelievable. look. that happened. i did that to the iphone yesterday and it cracked and it turned black, and now we must replace it. >> my wife has the -- >> sam, check that, see if it works. >> the only basically indestructible case for the
trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet...
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if we're talking about the deficit all the time. if he really wants to talk about economic growth, about sparking economic growth, he's going to need to bring new policy to the table in this speech. he can't just repeat what he has said barnstorming the country in a variety of settings. that's the burden of policy not rhetoric for the speech. i think there needs to be -- if he wants a new beginning on the debate to economic growth he has to bring some new things to the table. >> do you think we'll hear policy prescriptions on tuesday night? >> i think there will be a lot of policy, and i think that the president going into the first year of his second term needs to have something new, but he also needs to have something familiar. the last thing a president wants is to have coverage that says that he's abandoning what he used to stand for, and he's adopting something entirely different from what he was elected and re-elected on. >> michael in, his 1996 state of the union speech president bill clinton delivered this memorable line. >>
if we're talking about the deficit all the time. if he really wants to talk about economic growth, about sparking economic growth, he's going to need to bring new policy to the table in this speech. he can't just repeat what he has said barnstorming the country in a variety of settings. that's the burden of policy not rhetoric for the speech. i think there needs to be -- if he wants a new beginning on the debate to economic growth he has to bring some new things to the table. >> do you...
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inside the beltway, the media keeps pushing the president on debt and deficits. i'd like to know also, i don't think of the fundamental issues confronting this country. but on the gun issue, why wasn't there a single question about the 15-year-old chicago girl, hadiya pendleton, who marched in the parade in the inauguration and was gunned down, the 42nd victim of gun violence in chicago in january. that might be relevant to the issue of how do you stop trafficking of illegal weapon, and relevant to the actual policy debates under way in this country. >> richard, why does inside the beltway media have a propensity to focus on things that people don't care about? >> look, i've been part of that press corps. i was there in the time in the run-up to the war in iraq. but as a pack, as a pack mentality, this is a game. look, the war in iraq was serious. don't get me wrong. but we're talking about kids in america who were killed and how to respond to that. and so, you know, the disjoint between this photo, what the president does in his leisure time, whether it's real o
inside the beltway, the media keeps pushing the president on debt and deficits. i'd like to know also, i don't think of the fundamental issues confronting this country. but on the gun issue, why wasn't there a single question about the 15-year-old chicago girl, hadiya pendleton, who marched in the parade in the inauguration and was gunned down, the 42nd victim of gun violence in chicago in january. that might be relevant to the issue of how do you stop trafficking of illegal weapon, and...
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democrats and republicans can still get together on a balanced solution to the deficit crisis. republican senator mitch mcconnell says that he know that sequestration would have consequences, but he blames president obama for not putting forward an acceptable plan to prevent it. for more on that, jonathan strong, staff writer, role call, alexander burns and national political reporter with politico. good afternoon to both of you. >> hello. >> outgoing defense secretary leon panetta warned that the $85 billion in cuts would curtail american naval operations by a full third and could force furloughs of as many as 800,000 civilian workers. take a listen to what he said. >> it is difficult to believe, frankly, that congress would simply stand aside. stand aside, fail to make the decisions necessary to resolve this crisis and allow the defense economy, equality of life of america to be irreparably damaged. >> how damaging would these cuts be to our national security? >> it's a great question. the impact is going to be fairly dramatic to some of the employees, civilian employees of t
democrats and republicans can still get together on a balanced solution to the deficit crisis. republican senator mitch mcconnell says that he know that sequestration would have consequences, but he blames president obama for not putting forward an acceptable plan to prevent it. for more on that, jonathan strong, staff writer, role call, alexander burns and national political reporter with politico. good afternoon to both of you. >> hello. >> outgoing defense secretary leon panetta...
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you know, as somebody who has worked with budgets throughout my life, in order to deal with the deficit problem, you've got to deal with entitlements. you have to deal with revenues. and you have to deal with discretionary. all of it has to be part of a package. >> is he doing enough? >> i think he's pushing as hard as he can. >> should he be more public? >> well, look. the president of the united states has indicated the concern about sequester. he's indicated his concern about maintaining a strong national defense. and he's proposed a solution to this. the ball is in congress' court. they have got to take action to delay sequester. >> i want to move on to some of the hot spots. we'll start in north africa. a lot of news this week. here is the a.p. headline. u.s. limited in fight against north african militants. the united states is struggling to confront an uptick in threats in the newest hot spot with limited intelligence and few partners to help as the obama administration weighs who you to keep islamic extremists from jeopardizing national security without launching war. we want to
you know, as somebody who has worked with budgets throughout my life, in order to deal with the deficit problem, you've got to deal with entitlements. you have to deal with revenues. and you have to deal with discretionary. all of it has to be part of a package. >> is he doing enough? >> i think he's pushing as hard as he can. >> should he be more public? >> well, look. the president of the united states has indicated the concern about sequester. he's indicated his...